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Bitcoin Forum > Alternate cryptocurrencies > Announcements (Altcoins) > Wyvern - Autonomously Governed Decentralized Digital Asset Exchange
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uralcryptocoin
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January 28, 2019, 05:44:03 PM
 #321
Seems good news with Wyvern project: Website is updated, some activity in Discord channel.
It's probably that Wyvern has some future
BTC   Bitcoin: A Peer-to-Peer Electronic Cash System   BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
primeval
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February 04, 2019, 08:04:11 PM
 #322
Yes, of course, OpenSea has been doing very well using Wyvern protocol. The project was always active, it's just that unlike other projects this one actually does development instead of endless hype... Though tbf it can do with some marketing and PR too.
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